Sumary of Bitcoin Economics- essential things to know:
- Satoshi Nakamoto presented Bitcoin as an attractive and highly innovative digital currency.
- However, researchers and new users have difficulties understanding Bitcoin’s economics and design behind its existence.
- Since its introduction, Bitcoin has existed for over a decade now.
- And the internet is awash with publications attempting to examine whether Bitcoin is an efficient and effective payment method.
- While some investors and traders know something about the economics of Bitcoin, ordinary people don’t know much about it.
- Currently, many people use crypto exchanges like the bitcoin system to purchase this virtual currency.
- However, most users know it’s a currency that exists online.
- Understanding the economics behind BitcoinBitcoin has no central trust point or backing.